Is American Alternative Insurance a Good Company?

American Alternative Insurance (AAIC) is a specialty insurance company that offers commercial insurance products for a variety of industries, including construction, healthcare, transportation, and energy. The company was founded in 1990 and is headquartered in New Jersey. In terms of financial stability, AAIC has been given an "A-" rating by A.M. Best, indicating the company has a stable outlook and a strong ability to meet its financial obligations. The company is a subsidiary of Munich Re, a global reinsurance company that provides risk management solutions to insurance companies. AAIC offers a variety of insurance products, including general liability, property, and workers' compensation insurance. They also offer specialty coverages for niche industries, such as environmental liability and cyber liability insurance. AAIC's policies are sold through a network of independent agents. AAIC has received generally positive reviews from customers. Customers have praised the company's responsive customer service and knowledgeable staff. Additionally, customers have noted that AAIC's policies are generally affordable and provide comprehensive coverage for their business needs. One potential downside to AAIC is that the company is primarily focused on commercial insurance, which may not be a good fit for individuals seeking personal insurance products such as auto or homeowners insurance. In summary, AAIC is a specialty insurance company with a strong financial rating and a range of commercial insurance products for a variety of industries. The company has generally positive customer reviews, although it primarily focuses on commercial insurance and may not be a good fit for individuals seeking personal insurance products.